DSME Bags Order for LNG Carrier Pair

Daewoo Shipbuilding and Marine Engineering (DSME), one of the Big Three South Korean shipbuilders, revealed earlier today that it has been contracted to build two LNG carriers for an undisclosed shipowner from Oceania.

The value of the contract is said to be KRW 389.9 billion (USD 366 million).

The two ships will be built at DSME’s Okpo shipyard and delivered to the owners in the first half of 2021, the company said.

The 173,000 cbm newbuilds will be fitted with the M-type, Electronically Controlled, Gas Injection (MEGI) engines.

A total of 14 LNG carriers are estimated to have been ordered this year, data from Clarksons shows. Out of this total, the construction of 13 ships has been entrusted to South Korean shipbuilders.

DSME said that it had secured a 43 pct share of the orderbook with 6 orders for LNG carriers obtained so far this year.

DSME has managed to return to profit in 2017  for the first time in the past six years.

The company recorded a net income of KRW 669.9 billion (USD 629.7 million) in 2017, compared to a loss of KRW 2.79 trillion posted a year earlier.

World Maritime News Staff

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